Fargo, ND · Cert 29140 · American Federal Corp.
State savings bank · OCC · 13 branches
Q2 2026
Market Position · Grand Forks, ND-MN · 2026 SOD (annual) · 6.0% share · #8 of 21 inst. · $0.2B of $3.9B
Return on Assets (quarter, annualized)
Net Interest Margin (quarter, annualized)
Efficiency Ratio (quarter, annualized)
Tier 1 Leverage Ratio
Discrete quarter, annualized.
| Metric | Q3 2024 | Q4 2024 | Q1 2025 | Q2 2025 | Q3 2025 | Q4 2025 | Q1 2026 | Q2 2026 | YoY Δ | Trend |
|---|---|---|---|---|---|---|---|---|---|---|
| Earnings | ||||||||||
| Return on Assets | 0.60% | 0.62% | 0.75% | 0.89% | 1.05% | 0.85% | 0.71% | 0.97% | +8 bps | |
| Return on Equity | 7.35% | 7.43% | 8.45% | 9.62% | 10.99% | 9.33% | 8.02% | 10.74% | +113 bps | |
| Net Interest Margin | 3.32% | 2.87% | 3.53% | 3.79% | 3.80% | 3.25% | 3.71% | 3.98% | +19 bps | |
| Efficiency Ratio | 77.68% | 73.62% | 75.90% | 73.24% | 69.17% | 70.85% | 78.13% | 70.52% | -273 bps | |
| Non-Interest Burden | 2.46% | 2.00% | 2.58% | 2.64% | 2.45% | 2.17% | 2.81% | 2.62% | -1 bps | |
| Growth | ||||||||||
| Asset Growth (YoY) | 10.11% | 6.32% | 3.74% | -3.55% | -5.33% | -1.51% | -0.81% | 3.67% | +722 bps | |
| Loan Growth (YoY) | 12.19% | 8.06% | 3.62% | -3.72% | -5.35% | -3.12% | -1.94% | 3.88% | +759 bps | |
| Deposit Growth (YoY) | 0.40% | 0.78% | 5.72% | 5.75% | 3.34% | 3.26% | -0.14% | -0.36% | -611 bps | |
| Asset Quality | ||||||||||
| Nonperforming Loans / Loans | 0.00% | 0.00% | 0.14% | 0.02% | 0.02% | 0.01% | 0.07% | 0.00% | -2 bps | |
| Net Charge-Offs / Loans | 0.00% | 0.01% | -0.01% | 0.00% | 0.01% | 0.00% | 0.00% | 0.00% | 0 bps | |
| Allowance / Loans | 0.98% | 1.01% | 1.04% | 1.06% | 1.06% | 1.04% | 1.06% | 1.04% | -2 bps | |
| Allowance Coverage of NPLs | 457.9x | 410.9x | 7.3x | 56.1x | 64.5x | 74.3x | 15.3x | n/a | n/a | |
| Capital | ||||||||||
| Tier 1 Leverage Ratio | 8.48% | 8.74% | 9.15% | 9.77% | 9.95% | 8.87% | 9.06% | 9.32% | -46 bps | |
| Total Risk-Based Capital | 12.78% | 13.21% | 14.02% | 14.74% | 14.98% | 13.46% | 14.18% | 14.17% | -57 bps | |
| Equity / Assets | 8.24% | 8.57% | 9.09% | 9.42% | 9.71% | 8.58% | 9.04% | 8.96% | -46 bps | |
| Liquidity & Funding | ||||||||||
| Loans / Deposits | 121.58% | 113.13% | 107.58% | 106.77% | 111.35% | 106.14% | 105.64% | 111.32% | +454 bps | |
| Liquid Assets / Assets | 0.05% | 0.03% | 0.10% | 0.03% | 0.03% | 0.05% | 0.08% | 0.03% | 0 bps | |
| CRE / Total Capital | n/a | n/a | n/a | n/a | 269% | 291% | 288% | n/a | n/a | |